If you need assistance, please call 480-845-0048

Why We’re Seeing Both High Demand and High Prices for Homes

Monday, March 29, 2021   /   by Vyral Marketing

Why We’re Seeing Both High Demand and High Prices for Homes

There are a number of reasons why both demand and home prices are continuing to rise. Here’s what’s happening.

Want to buy a home? Search All Homes
Want to sell your home? Receive a Home Value Report

Many of my clients have been wondering why demand is staying strong even though prices continue to skyrocket. There’s not really a simple answer; instead, this phenomenon is occurring for a variety of reasons, including low interest rates, an influx of people moving into the Phoenix area, and the ongoing pandemic.

Interest rates are at their lowest in history, which has made homes more affordable in spite of increasing prices. On top of this, many homebuyers are moving in from different areas of the country. Arizona has been an affordable place to live in for years, and since so many people are now able to work remotely, more and more have taken the opportunity to move to our great state.

"Interest rates are at their lowest in history, which has made homes more affordable despite increasing prices."

As a side effect of the uptick in remote workers, we’ve also seen many people buying second homes. Anymore, it’s not just retirees who are looking to travel here in the winter months and leave when things warm up in their home state. Now, we’re seeing working-class people of all ages simply looking to get away from the cold.

If you’re thinking about buying or selling a home in our area, feel free to reach out to me. I’d be happy to answer any questions you may have and provide you with the information you need. Until then, I look forward to hearing from you soon.


  market updates

Elite Results Realty
Rob Hale
1744 S. Val Vista Dr Ste 206
Mesa, AZ 85204
480-845-0048

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Elite Results Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. October 15, 2021
© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Rob Hale - Elite Results Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. October 15, 2021
This site powered by CINC: www.cincpro.com